Here's an interesting piece from Time about moving in retirement. Here are some of the stats they share:
And one quite interesting stat:
This topic is a relevant one for us as we transition in life.
As of now we are in a large home in a suburban area of a beautiful city (many people come here for vacation).
We have one child at college and one at home plus we love our location and house. For now we're going to stay put until we see where the kids land, but after that, we have some decisions to make.
Some thoughts we're working through:
The following is a guest post from Evan Tarver, a small business and investments writer for Fit Small Business, fiction author, and screenwriter with experience in finance and technology. When he isn't busy scheming his next business idea, you'll find Evan holed up in a coffee shop working on the next great American fiction story.
Not everyone is ready to start a full-time business. Some people just want to start something on the side of their current job so they can generate an additional income stream. This is known as a “side hustle.” What many of these people don’t know is that you can actually buy a franchise that works as a great side gig.
Investopedia lists eight ways retirement has changed in the last 20 years as follows:
1. Rising Retirement Age
2. More Retirees Working
3. Less From Employers
4. Lower Savings-Account Balances
5. Retiring Abroad
6. Inheriting Less
7. Living Longer
8. Healthcare Costs Rising
My thoughts on these:
1. As I've posted time and time again, people are saving less which means they need to work longer. Hence the rising retirement age. This is surprising in some ways since I read so many "retire early" blogs that the average seems like it's getting lower, but it's not.
Money lists four questions to ask yourself before retiring as follows:
My take on these:
Nerd Wallet recently did a study on how much cash Americans carry. The highlights:
More than three-quarters of respondents to a recent U.S. Bank survey said they never carry more than $50 in currency with them.
Nearly one-quarter said they keep $10 or less.
Ok, I am waaaaaaaaaay in the minority here.
I usually carry $100 or more on a money clip.
It's probably because of my "just in case" mentality that I do so. Also it's easy to do as my money clip is combined with my credit card holder, so why not?
How about you? How much cash do you usually carry?
Welcome to this week's edition of Star Money Articles.
Money Q&A says investing in a 401k is a no-brainer.
ESI Money suggests starting with a high salary.
Big Law Investor tells of a fate worse than death.
Life Zemplified tells us not to let our big but get in the way.
Picky Pinchers says to move!
Have a GREAT weekend!!!
The following post is from FMF contributor Veselina Dzhingarova.
When you have spare cash, it is understandable that you want to make it work harder. Some people put their savings into a high-interest account. Others buy property. But, what if you could use that money to make extra money – and have some fun at the same time?
For anyone with an appetite for risk and a desire to make money, investing is a great hobby. You may not end up as rich as Warren Buffet, but if you play your cards right and learn the essential tools of the trade, you could make a tidy profit on your investment account. The good news is that investment is really easy these days. You don’t need a hotline to an investment broker and you certainly don’t need to work on the trading floor of the London Stock Exchange.
Anyone can have a go at investing in stocks, shares, ETFs or foreign currencies. All you need is an internet connection and some time to learn the ropes.
The following is a guest post from Edwin C, the money hacking millennial behind Cash The Checks. He lives a minimalist lifestyle and is always eager to learn and share his methods to save and make money on his blog.
Being a good negotiator can help you in almost any facet of your life. We negotiate our salaries, our rent, our purchases and even our household responsibilities. As you can see, it is essential to be a good negotiator. Today I'll be sharing with you 5 essential negotiation hacks to help save you money on... just about anything!
1. Put Your Offer Out There First
The following post is from FMF contributor Eric Olesen.
Car accidents are unnerving — to say the least. It’s normal to feel scared or anxious after a wreck, but it’s also extremely important to regain your wits quickly. After all, the actions you take immediately after a car wreck could impact your future. If you've been involved in a wreck, avoid these common mistakes.
Mistake #1: Failing to Report the Accident
If you were involved in a minor accident, you might assume it’s okay to exchange information with the other driver and leave, but you’d be wrong. It’s important to file a police report immediately for two reasons:
Your insurance company might require a copy of a police report before paying out any claims.
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